Crypto
Bitcoin ETFs Pull $120M as Inflow Run Slows Down
US-listed Bitcoin exchange-traded funds (ETFs) saw another day of redemptions on Wednesday, with total net outflows of $120.2 million, according to Farside Investors data.
This follows Tuesday's $46.6 million outflow, bringing withdrawals across the first two sessions of the holiday-shortened week to $166.8 million.
The pullback largely came from ARK 21Shares' Bitcoin ETF (ARKB), which led Wednesday's withdrawals with $78 million.
Grayscale's Bitcoin Trust ETF (GBTC) followed with $27.2 million in net outflows and BlackRock's iShares Bitcoin Trust ETF (IBIT) recorded $19.5 million in withdrawals.